@Flash wrote:

@pammie8223 wrote:

IMO since Wells Fargo is now involved in a huge legal issue regarding their employees I wouldn't touch one of their shops with a 20 foot pole.

By now the investigation is done, the fines have been levied, it would appear that the employees in question are gone. Whether you decide to do the shops or not is a personal decision, but the case is closed.

I understand, but for me it's a once the trust is gone issue. I don't really like doing too many banks shops in which you have to open an account anyway. I didn't mean to imply that anyone else should not do the shops and I hope that no one took it that way :-)

An interesting line from the article below: "Those changes include enhanced training that values ethics ... and additional mystery shoppers."

[money.cnn.com]

I opened an account with WF in June, and another one this month. I got paid $50 for the shop each time. WF never asked for my SS #, and I would not have given it if they had asked.

You totally opened a checking account with NO social security number? Interesting....

@AZwolfman wrote:

I opened an account with WF in June, and another one this month. I got paid $50 for the shop each time. WF never asked for my SS #, and I would not have given it if they had asked.

Canada, I do a lot of bank shops. I don't use my SSN to open any accounts.

wrong thread....not about WF, but doing a Bank job Monday and not giving my SS.



Edited 2 time(s). Last edit at 09/11/2016 12:33AM by Irene_L.A..

jeez, fear mongerers, this happened years ago and is just seeing the light of day now due to the huge hit to their bottom line (tremendous fine, which they can afford) + the hit to their rep (bad publicity which people will forget about). the "Warning to Shoppers Who Opened New Accounts with Wells Fargo" is the sky is falling syndrome. wf is being diligent (now) and in full compliance (now) and is probably now being overly-cautious and doing the due diligence and having the oversight that should have been in place initially but wasn't.

oh, and don't get aboard a blimp cuz remember the hindenburg (hindenberg?).

and, nope, i'm not employed by wf and/or doing damage control or being an apologist for wf.

amirite?

You are right, Brian. I agree there's nothing to worry about. It can't hurt, though to have warnings out there for those who are easily frightened. Besides, it may make some shoppers decline these jobs. Then fees might go up, and that's a good thing for me.

But the Joke of the Week is the chicken little post saying "Just my observation, this MSC should be worried, they may be out of business....." I almost fell out of my chair laughing on that one!

@Flash wrote:

It takes two to tangle. As for bears wearing pants, just think about Smokey Bear.

BTW, the expression is that is takes two to tango. I had to get you back for my wildlife typo. But two people getting tangled can be fun too!

I think I was the first to respond and said I was now really nervous about doing the shop. My husband, who is a very smart, very clear-headed, very reasonable person thought it was a bad idea for me to go through with it. I understand that they are being hyper-vigilant and perhaps hiring a large number of mystery shoppers to monitor, but I trust his advice. And by the way, even though this problem apparently **began** years ago doesn't mean it wasn't going on recently. They were firing people over this as recently as March of this year.

@Sybil2 wrote:

@Irene_L.A. wrote:

Just my observation, this MSC should be worried, they may be out of business.....

Irene_L.A., there is no need to pull a "Chicken Little." This client is not the only major client for this large MSC which has several divisions besides MS'ing. The MSC who handled the McDonald's account is still up and running.

I retratced "out of business", a little severe, but will suffer loss if they can't get shoppers or WF pulls account.

I emailed someone from one of the scheduling companies and asked about the jobs. She said that she was juggling close to 5,000 shops and trying to get them scheduled. None are in my area.

Please bear with me for a moment while I tell a story. About 5 years ago, I was waiting for a Singapore Airlines plane to arrive it Kuala Lumpur, Malaysia. It was 4 hours later. We learned that it had been hijacked on the ground in Singapore. [If you know anything about Singapore, you will know that it is one of the stupidest places to hijack a plane; even chewing gum without a prescription can literally get you caned.] Hours later, the hijacker had been arrested, the crew changed, the passengers re-screened, and the plane landed in Kuala Lumpur. There was a lot of discussion about whether to fly the same plane on the return flight back to Singapore. What would you have done?

I got on the plane, as did about 1/3 of the passengers, As I explained to my colleagues, that plane had just gone through a very thorough inspection. Probably better than any other plane in the world at that moment. No hijackers. No explosives, No knives. No contraband.

The time to have been worried about Wells Fargo was two (?) years ago, but of course we didn't know. Right now, and the foreseeable future, Wells Fargo will be watched and scrutinized like no other bank in the world. I have Wells Fargo accounts. I plan on opening as many more as the MSC will permit. I will sleep very peacefully while the rest of you presumably have to worry about the "next" bank to have a problem. All I know is that it won't be Wells Fargo.

WF has been fined 185 million for the crud. The reason I believe it's in the news is now there is a civil suit based from Los Angeles.
5300 employees have been fired.

What I've read on various financial reporting websites boils down to sales. WF is known for cross selling. In other words they want customers to own multiple accounts with WF. They are trying to make sure their customers own at least 8 products with the company. So far the average is 6 per customer.

WF is recognized for cross selling.

What happened is that sales reps and local management needed to meet goals and the heck with ethics.

Anyone is free to disagree with me, but unless corporations install programs that stop this behavior it will continue to happen. It's not that difficult, they just need to revise their internal auditing.

Years ago, I finally decided to finish my degree. Then I moved to TX. Guess who moved to TX during the Enron fiasco with an accounting degree? I still don't tell anyone I majored in Accounting, because of how Enron screwed people.

I did open an account with WF for the $40 I closed it because it was a pain. .In my area & they wanted $500 direct deposit every month or me using the debit card at least 10 times a month without incurring a fee. The additional shops were to open another account.

I know as an accounting major; all the ethical and business law classes are useless. It comes down to you as a person. Unless you as a person is ethical, it's not going to happen. I've worked for various companies and the only thing is the bottom line. They do not care if you as an employee will have issues with the government or the IRS. You're on your own. And it's specifically stated in your contract.

For all those who disagree, let loose with your rebuttals.

@myst - I did the same thing after 9/11. I was on the first flight out, headed across the country on vacation. There was not a safer place to be if you were in the air.

@MA - yes, WF is known for its selling and that is a part of their corporate culture. Some memos and procedures will come from the CEO and public trust will be regained in a few years after they publicize their work in the community.

I don't follow their stock; do you know if it went down?

The whole stock market went down 300 points Friday.....hope you don't have stock in WF, we don't.

Honny - WFC dropped about 3% last week, about the same as the Dow Jones Industrial average.

Honey,. it did go down. It took a hit of just under 3 %, which was more than other banks when the Dow fell 400pts.

Thanks everyone. No, I don't have stock with them, unless they are in my MFs.

3% is a lot, but recoverable.

Actually the Dow dropped 400 points on Friday.

@Irene_L.A. wrote:

The whole stock market went down 300 points Friday.....hope you don't have stock in WF, we don't.

@MA Smith wrote:

Actually the Dow dropped 400 points on Friday.

@Irene_L.A. wrote:

The whole stock market went down 300 points Friday.....hope you don't have stock in WF, we don't.

Your right, I saw on the computer 394 points down.....the experts have predicted a 50% crash, we've been through it before, took years to return to normal. Hopefully it will bounce back sooner than later.

The "Experts" eh??? Kinda like weathermen if you ask me....

I really don't care what anyone has to say. I do have issues with some one telling me I'm your right as opposed to you're right.

You are not all that an a box of cracker jacks. Learn how to use your words grammatically correct,.

@Irene_L.A. wrote:

@MA Smith wrote:

Actually the Dow dropped 400 points on Friday.

@Irene_L.A. wrote:

The whole stock market went down 300 points Friday.....hope you don't have stock in WF, we don't.

Your right, I saw on the computer 394 points down.....the experts have predicted a 50% crash, we've been through it before, took years to return to normal. Hopefully it will bounce back sooner than later.

@MA Smith wrote:

I really don't care what anyone has to say. I do have issues with some one telling me I'm your right as opposed to you're right.

You are not all that an a box of cracker jacks. Learn how to use your words grammatically correct,.

@Irene_L.A. wrote:

@MA Smith wrote:

Actually the Dow dropped 400 points on Friday.

@Irene_L.A. wrote:

The whole stock market went down 300 points Friday.....hope you don't have stock in WF, we don't.

Your right, I saw on the computer 394 points down.....the experts have predicted a 50% crash, we've been through it before, took years to return to normal. Hopefully it will bounce back sooner than later.

Sorry, typing fast, hopefully I'll never do that again. Hope you get the city folks off your property.....

oy vey....snark forever

I'm fairly certain, I will pay for my mouthyness, Maybe on this board or with schedulers, I absolutely know I love doing what I do every day of my life,

I have to do it, even if the road is stupid. I love what I do every day, even if I need to be behind a big huge tractor.n and traveling at 35 mph.

I love being a mystery shopper!

No one is right when it comes to future stock trends, except for maybe the weatherman!



Edited 1 time(s). Last edit at 09/11/2016 09:59PM by HonnyBrown.

love you

I am a WF customer. (almost 9 years)..... I was under the impression I could not do the $40 shop. (correct me if I am wrong)...I did do a cheaper shop with them, where I went in and asked about the mobile ap for getting your credit score. That was like pulling teeth........ but finally she showed me the ap and I have that on my phone now. I can see my bank accounts and my credit score.

SunnyDays2 - I have done the "credit score" shop three times in different branches and at least twice on the phone. I have so far opened an checking account and an additional savings account. Sometimes existing customers are allowed to open additional accounts. Read each job description carefully. I used to assume the same as you, but it isn't always true.